Enable Midstream Partners LP (NYSE:ENBL) was upgraded by investment analysts at Bank of America Corp. from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday.

ENBL has been the subject of a number of other research reports. Credit Suisse Group AG downgraded shares of Enable Midstream Partners from an “outperform” rating to a “neutral” rating and set a $16.00 price target for the company. in a report on Tuesday, September 13th. Wolfe Research initiated coverage on shares of Enable Midstream Partners in a report on Friday, October 7th. They issued a “hold” rating and a $16.00 price target for the company. Goldman Sachs Group Inc. upgraded shares of Enable Midstream Partners from a “sell” rating to a “neutral” rating and increased their price target for the company from $13.00 to $16.00 in a report on Monday, September 19th. Zacks Investment Research downgraded shares of Enable Midstream Partners from a “hold” rating to a “sell” rating in a report on Monday, August 22nd. Finally, Barclays PLC restated a “sell” rating and set a $15.00 target price on shares of Enable Midstream Partners in a report on Monday, November 7th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $14.38.

Analyst Recommendations for Enable Midstream Partners (NYSE:ENBL)

Enable Midstream Partners (NYSE:ENBL) traded up 8.70% during mid-day trading on Wednesday, hitting $15.62. 1,229,047 shares of the stock were exchanged. The company has a market cap of $6.60 billion, a P/E ratio of 22.28 and a beta of 2.25. Enable Midstream Partners has a one year low of $5.38 and a one year high of $16.79. The company has a 50-day moving average price of $15.44 and a 200-day moving average price of $14.50.

Enable Midstream Partners (NYSE:ENBL) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.07. The company earned $620 million during the quarter, compared to analysts’ expectations of $722.50 million. Analysts forecast that Enable Midstream Partners will post $0.73 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 22nd. Stockholders of record on Monday, November 14th were issued a dividend of $0.318 per share. The ex-dividend date was Wednesday, November 9th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 8.85%.

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In other news, major shareholder Arclight Capital Partners, Llc sold 52,001 shares of Enable Midstream Partners stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $15.22, for a total transaction of $791,455.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Enable Midstream Partners by 18,446.8% in the second quarter. JPMorgan Chase & Co. now owns 1,593,913 shares of the company’s stock worth $21,534,000 after buying an additional 1,585,319 shares during the period. Harvest Fund Advisors LLC purchased a new stake in shares of Enable Midstream Partners during the second quarter worth approximately $9,999,000. Jennison Associates LLC purchased a new stake in shares of Enable Midstream Partners during the second quarter worth approximately $4,539,000. Spirit of America Management Corp NY increased its stake in shares of Enable Midstream Partners by 105.4% in the third quarter. Spirit of America Management Corp NY now owns 513,615 shares of the company’s stock worth $7,833,000 after buying an additional 263,514 shares during the period. Finally, Weiss Multi Strategy Advisers LLC purchased a new stake in shares of Enable Midstream Partners during the second quarter worth approximately $3,378,000.

Enable Midstream Partners Company Profile

Enable Midstream Partners LP owns, operates and develops strategically located natural gas and crude oil infrastructure assets. The Company operates in two business segments: Gathering and Processing, and Transportation and Storage. It serves production areas in the United States, including several unconventional shale resource plays, and local and regional end user markets in the United States.

5 Day Chart for NYSE:ENBL

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